March 14, 2018 / 12:45 PM / 3 months ago

Telekomunikasi Indonesia reports 14 pct rise in 2017 net profit

JAKARTA, March 14 (Reuters) - Indonesia’s largest telecommunications firm PT Telekomunikasi Indonesia (Telkom) reported on Wednesday a 14 percent increase in net profit for last year.

Telkom said its 2017 net profit was 22.15 trillion rupiah ($1.6 billion), up from 19.35 trillion rupiah a year earlier.

However, it came in below analysts’ forecast of 23.32 trillion rupiah in a poll by Thomson Reuters I/B/E/S. ($1 = 13,735.0000 rupiah) (Reporting by Fransiska Nangoy; Editing by Susan Fenton)

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